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Canoo Q1 Results: EV Manufacturer Misses Earnings Estimates
Canoo Inc. (NASDAQ:GOEV) reported first-quarter financial results after the bell Tuesday. Here's a look at the details. The Details: Canoo reported quarterly losses of $1.13 per share, which missed th
Benchmark Co. Reaffirms Their Buy Rating on Canoo (GOEV)
Optimistic Outlook for Canoo With Strong Revenue Projections and Strategic Cost Management: Maintaining Buy Rating
Changes in US stocks | Canoo fell more than 3.2% before the market, and net loss in the first quarter expanded and fell short of expectations
Glonghui, May 15 | Electric vehicle startup Canoo (GOEV.US) U.S. stocks fell more than 3.2% to $2.7 before the market. Canoo's net loss for the first quarter increased from US$90.7 million in the same period last year to US$117.7 million, with analysts expecting an average loss of US$55.2 million; after adjustment, the loss per share was US$1.13, and analysts expected a loss of $0.97. No sales were announced for the period, and analysts expected $1.1 million. Slowing demand in the US and fierce competition from Chinese electric vehicle manufacturers in the world's largest car market have hit, including Canoo
GOEV Earnings: Canoo Stock Down on Weak Q1 Results
Penny stock Canoo (NASDAQ:GOEV) declined 3.2% in yesterday’s extended trading session following the release of weaker-than-expected first-quarter results. The company’s performance was impacted by slowing demand for electric vehicles (EVs) and intense competition, particularly from Chinese auto companies.
Canoo's net loss in the first quarter increased and fell short of expectations and maintained full-year revenue guidance
Glonghui, May 15 | Electric vehicle startup Canoo announced first-quarter results. Net loss increased from US$90.7 million in the same period last year to US$117.7 million, with analysts expecting an average loss of US$55.2 million; after adjustment, the loss per share was US$1.13, and analysts expected a loss of US$0.97. No sales were announced for the period, and analysts expected $1.1 million. Slowing US demand and intense competition from Chinese electric vehicle manufacturers in the world's largest car market have dampened demand from companies including Canoo. R&D expenses fell by about 44% during the period, and operating expenses from last year